Evening Star Newspaper, April 6, 1932, Page 10

X L] A—10 ¥¥% FINANCIAL. / THE EVENING STAR, WASHINGTON. D. C., WEPNESDAY, APRIL 6. 1932. FINANCIAL. EFFECTS OF TRADE TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE | SIOCKS IRREGULAR 3 17 Abitibi Pwr & Paper. 2 1% 1% 1% — la Eitington-Schild. ... 5 15 6% 3 Nevada Con Copper. Stand Ofl Calif (2).. 38 =% 5 AbItibl Pwr & Pa pf. 1 5% 5% by 2 ec Auto Lite (4) 30 1 ) %l 2% ewport Industries. 20 2215 ks F 4 b % 84% Stand Oil Exp pf (5). 86 -1 Stand Oil of Kansas. o g g 5 3% Adams Express..... 9 3% 34 i o 1 Ll S 25 Newton Steel —_— 31 Adv Rumley. R ¢ £ 4 2% Elec&Musical Instru 47 2 2 M Y Alr Brake g Bankers’ Journal Comments Afliated prod 1.60.. 87 - 9% 8 84 5% 61; Elec Pwr&Lt(1)... 39 6 Y Central. .. 21% 213 Siand GILE 3 (12), 2T 3 . -~ Market Recovers Partially 'S 21y Alr Reduction(t4%) 30 - 55 lec Pwr & Lt D:(:L 25 4 5 YChi&StLpf... Sterling Secur (A).. 3 - o " Alaska Juneau (50c) 200 5 Elec Pwr & Lt pf(7). 3 E 3 ¥ N H & Hartford. -1 3 terling Secur pf. 3 ! . . on Recent Work of Pub ! Albam Weayaper. | i ; Liec Storage Bat @) 2 3 YNHELor D, . 380 015 Steriing Secur ex e 9% 194 1 1 and Velume Shrinks in . ] 3 Alleghany Corp : : . ndicott-Johnsos 2 2 Ont & Western. . 5 - % 3l Stewart Warner.... B — 1 lic Agenmes_ Alleg Cp pf $30 ww.. 2 § PSpfww (5%) : ¥ ".1“n f‘:;rr 2 50 1, Stone & Webster (1) g 8% f N Late D alin 6ts Allez Cp pf $40 ww. . : Erfe RR..... 9 ¥ Shipbldz pf(7).. 30s 5'2 Studebaker Co(1.20). 6 e Dealings. Lol Allied 4;‘h|;mlrnl (6). i 3 rie {l R1stpf... 6 6 6 9 9 Y Steam pf (6). . 27% Sun 0|‘|' “r"s' B 1 = L e Allis-Chalmers(50¢c) 9 " 3 ureka yac (a2).... B 6 % Noranda M(m?i0e) 28 3 Sun Ol pt ( BY EDWARD C. STONE. | 2" Amerada Corp (2).... 2 2 2 vans Alito Prod. ... o, 1 35 orf & Westn (112). 9 9 Superheater Corp (1) 9 3 BY GEORGE T. HUGHES. In summing up the business situa- Am Ag Ch Conn pf. . , ashion Park Asso. . a North Am Aviation. . 6 ol BRvsiors 8 9 3 | {al Dispateh to The tion, the American Bankers' Associa- | § Am Azri Chem(Del). 8 7 : dLt & Tr ($114) .. : 6 Nor Amer(h10%stk) 288 4 o 5 porige tion Journal, out today, states that | Am Bank Note 3 7 7% North Am Bd pf (6). 3 2% Texas Co (1)....... 2 . & JORE, Amd $~Puthie clear signals were visible g March| 7 f Am BestBucar. .. p 3 6§ ‘ orthern I'acifie. ... 9 9% Tax Gul Sulphur (3). a%, 18 gent selling and new low prices at the that important results were following | Rh Cait 7 Fed'd Dep Strs (80c) . OhioON... P : Tex Pacific Coal&O1l 1 7 1 opening of today's stock market were from the co-ordinated plans of public| ¢ :"v"'l’:;:;(“"\":’r’( 5 3 AN 2 9\ Fid Ph Fire In(2.60). 13 19 - 3 Ol Ta e Banihes Tex Pacific Land Tr. o followed by partial recoveries and re- agencies and private finance to bring | o e 3 g : fth Aye Bus (64c). G G 5" Olv Farm Baprpt.. PO 29 .24% Thatcher Mfg pf 3.60 % 380 duced volume. Th v about basic improvement in the condi-| ° "“_, ‘fi - b ¥ $ ¥ ¢ 86 ilene's Sons pf 6% . s 8 % 115 Omnibus Corp...... o 3 2 Thermold Co. ume he improvement co- tion of business. As for some time | 4 .-::::'_r:‘mxcva‘mml‘ . 1 ] 59% 491, Firestone T&R pf(6) i & o4 153 Ofis Blevator (8. .- Third Avenue. .... inclded with the testimony of Secretary past, immediate sl:nul%lluns ‘m cur- | . “Mn ecie. Y 3 4 b 3 i l;\‘m\ Slm %) 3 9, 100 Otis Elev pf (6) S q '::nt;.m‘,,\m. Produc § 1; | of the Treasury Mills before the Serhte yent commercial and industrial activi- 2 o il 3 61 oo Maehineyr.=ses ™ 2 S8 0 Owens I11 Glass (2). 21y 2ix Tide Water Asso Oil P 3 % ty “were lacking and favorable trends| 3 AT B 2 : oster-Wheeler . . ; : imken-Detroit Axie 3 . Plnance Committee, in which he ob- in standard trade indexes were not ap- + Am&Forgn Pw(T)pf. 8 = & Klon L0 8 L 1 £ 7% Pacific Gas & K1 (2). 71 28! 2 3 51 Timken Roller Bt 5ign jected to those provisions of the House parent. The growth in financial con- A For Pwrsant. 5 & s Fourth NatIny 1 10. e % 51, Pacific Lighting (3), 4 3; 3 21 Transamerica Corp revenue bill which are most obnoxious fidence and the decrease in public fear, A Eronre Prod /30, " . 5 tox Film (A)....... g 104% 3 Pacific Tel&Telez(7) 5308 » 3 Tii-Contl Corp ; to Wall Street. Mowever. were too definite to be based 2 AT reeport-Texas (2). 5 109 101 ificT & T pf (6).. 208 5 2 Tri-Contl Corp pf(6) (T he market opened lower and during on anything but solid facts and carried | “g,) 'f Am International. : : : i J 5l 24 Packard Motor Car.. 131 21 5 Truscon Steel. . i fhe first 30 minutes 500000 shares greater weight than formal statistics. £y Am Locomotive. v » 1, 11's 5% Paramount Publix.. 5 § 12 Twin City Rap Tr p! mflnz hands, a rate which, if main- A concrete expression of a return of s 3014 Am Locomot pf(T) Gen Am Inves! " 1y 7 Park Utah. O T S TR 3 ' naon_zh.“v\vu‘l’d be equivalent to a 5,000.- financial _confidence was given in the Am Mch & Fdy 1.40.. Gen Am Tank Car(4) . % Pathe Exchang § 31 141 Und-Ell-Fisher (3) A ‘w‘ns-nuteh ll:"- This pace. hawever, course of events in the bond market. Am Mach & Metals. . Gen Asphalt (1). g g 4 Patino Mines ¢ 71; Unfon Bag & Paper. 4 th ot held. Activity fell off after Here for the period of the 23 business 5 A Métal Co A Gen Bak SR + 4 Penick & Ford (1) 2 2 24% Un Carb & Carb (2) .. 3 e overnight seiling orders had been days between February 10 and March | g e Nows (3) W 97 " t 5 > [r"mwrpflu‘:;_: Las g 7 Un Ol of Callf(1.40) T executed and the list had steadied. 11 there was an unbroken daily ad Am Pwr & Lt (21) 3 6 + 3 . . K X Fenis T 2 : Union Pacific (10) 2 Before this occurred new low 5 : 2 <se seoples Gas, O 2 3 5 i ¢ L : o prices vance, with one minor exception, in A Pwr & L pf. (6). 1 4 P i “sasnseae 4 ’XV:”!‘:I“‘,:"'"";‘,’;'““ : Unit Afreraft. ... were set up in every important group the average price for 40 representative | & -, Am Radiator (40c).. 5 n Cable pf.. . 2 Unit Am Bosch .. 5% 4 except one, namely, the oil. Takl issues. This was followed by an inte Am Rollin= Mills. . 3 . k2 en Cigar (4) .8 20 EReipyDidre Co 2 g 2 Unit Biscuit (2)..... = i —pionly a few of the more 'nmpnm':,!c appa y. 8 % m & Col 4 - - ‘hilip Morris&Co(1) : ‘ : ¥ . s estern, aware & Hud- as- March this did not reflect a 81z Am & REz(50¢) ~ od Corp (3)... E SR RaRE 15 % Unit Corp (40¢) . 358 son went * Sknge of senilment. Also, during| 85 50w AmSm&RfEPLd). 8 ¢ 5% 62 ) en GLE A (b6%stk) 9 _ Prillips Petroleum. . Unit Corp ot (3). .. 8 3 ; oo P ing ds L RC LR R ] this period of rising prices, the volume | 3 Am Snuff (13%). 3 : 1 en Gas&lev pf(6). 2 12t 11 1 Jo Bimres Ot s nene 3 ok Unit Dyewood pf (7) 30s from 2 to 3 points. American Teles of trading was materially greater than : Am Steel Foundry.. .. § e .'z'f‘ e 6 Pillabury Flour (3). . N § Unit Electric Coal... 1 phone & Telegraph came below 106 for in the period of reaction that pre- 65 Am Steel Fdry p s Gen MiNs 8) L2 = Lipalabi N oy Unit Fruit (3) 1 2 the first time since 1921 and Public ceded it. . 331 Am Store 2 § e e 6 R OB i 'y 18 :annkG‘:sllml] X SGPrflro of New Jersey, Consolidated . Siveitars Active: Am Sug: i 6 ¢ B Molore uf () B o R ; - 31, 21 US & Forn Secur.... + 1| Gas and Pacific Gas & Electric all = - Am Sumatra Tob. ... 3 39, el L A iase > 5 U S Gypsum (1.60). 3 made new lows in the utility secti . A third significant feat s that, R s : [blie Service. - o e g Prairie Pipe Line. S s w | United s whereas during the 1 86% 65 AmTobacco (16).... 3 11 28% 13 3 2 : sed Steel Car. .. : L R JETIE T fenolited States Steel common and pre- ipitiative for ma: vity c| g A Tobacco B (16).. 6 3 3 alty & Util. .. resked Steel Car pf. 4 r % USLeathel ov. 1% 4 (h?elnusqurr:alimm?r‘;mcr‘p“ kn)‘;m B rom sales by eager E 0% Am Tobacco pf (8) .« 10474 10: ¢ 8 Gens s , 9 9 4 2 amb (2.40) 2 ¥ 2 S e A6 Jmodrd: Jaws Sox nating purchasers convinced th 2 13 21% Am Water Wks (3).. 30 2 20 3 2 tte Stt 7 ' g { B %12 '8 USRealty & Imp.... 12 Sll:]r:;;lmhi\‘;{iccm:hd Eni"ln'?;: ;Dgi.dke' time for investment opportun Am Wat Wks cfs(3). 3 3 1 4 gl U S Rubber o9 . | shared with o 4 at Wk X 3 it k 3 the steel issues this dis~ hand. These developments in 3 Am Woolen vtc new 3 A d . 2 i Smtg & Ref (1).. 13 market, therefore, represented more S WeIRD/Co BT 5 Gobel (Adolf). .. Public Sve N | 361 SmickRetpfsy 8 8 : + | tnetion, If 1t may be called that. than merely a technical record of deal- Am Writ Paper pf. Gold Dust (1.60) “,”;' t““‘ g 3 Steel (2),. 570 363 p ) ings in this particular field. In the 3 2 Am Zinc & Lead. Goodrich (B F ub § 3 . - 9 ; 5 U S Steel pf (7 3 . . Special nature of current conditions,| 12 Anaconds Copper oodrich (B F) p Pullman Corp (3)... 18 - e i 3 First Mortgage Loans they evidenced a relaxation in the pres- [ g Anaconda Wire & C. oodyear Tire& It Punta Alegre Bugar. United Stores (A) 8 sure of financial distress and fear, and 2% Anchor Cap (2.40). .. othar Silk Hosiery L R United Stores pf (4). 15 a turn in the direction of safety and | 12 Archer-Daniels (1) .. . otham S H pf (7) Euuicy Bakerievio) | 20 Univ Leaf Tob (3).. 5 confidence. X 32 Armour of Del pf(T). raham-Palge. ... 90 Univ Leaf Tob pf(8) 10s Looking beyond this technical record | 3 Armour of 111 (A). y 37 Granby Consol Cop.. 50 Univ Pic 1st pf (8).. 50s Radio Corp pf B. 10% 3% Util Pwr& Lt (A). 23 Radio-Keith-Orph into the Nation’s actual working scenes, Armour of I11 (B). rand Silver Store: > p B E = Raybes-Manhat (1). 8 18% 9% Vanadium Corp. 63 9 ENTERPR]SE SERIAI. the most important aspect of business Asso Dry Goods rand Union, . betterment revealed was the widespread v, Atchison (4) 2 Grand Union pf (3 Real Silk Hoslery 3 3 5 n Raalte 1st pf. .. 20s 3 3 Remington-Rand. ; -Car Chemical. . 3 ’ BUILDING ASSOCIATION return of the banks to more normai| 86 66% Atch To&sS Ke pli5). 6 Great Northern pf(2) Rem Rand 1st pf. ... 2 8 9 415 3% Va-Car Chem 6% pf. 2 33 7th and Indiana Ave. N.W. operating conditions. The co-operativt 18 Atl Coast Line (4).. 2 18 18 9 at North Ore( arrangements developed for the orderly 14% Atl Gulf& W Ind pf.. 14 13% 18 3% Great Western . S 29% 19 Vulean D'tinning (2) 50s Reo Motor Car. Republic Steel. Shares of Stock $1.00 marketing of the securities of closed 8% Atlantic Refining (1) 10% 10 Great Wn banks, the functioning of the Recon- 91, 70 Atlas Powder pf (6). 2 70 70 ;- ] ] : Republic Steel pf. 9 Wabash R R Revere C & B cum pf 3 3 Wabash R R (A). o 3 Each, Payable struction Finance Corporation in re- 41, Atlas Stores (§0¢) . lieving by means of loans both closed 55t Auburn Auto (f4)... 23 5 ; " B ey Reynolds Met (1%). 5 T Waldorf Sys (1%).. 2 > Reynolds Tob A (3). 6 5 2 : Ward Baking (B). .. Monthly. and operating banks from the necessity s % Autosales........ : N of forcing securities on the market, and | _ 31 2ls Aviation Corp (Del). ¢ : % s & okt the enabling of the Federal Reserve g 7 Baldwin Locomotive 4 68 Helme (GW) (17) 3 3 3 i i e n CPE atd i < 3 7). Revnolds Tob B (3). 3 3 E Warn Bros Pictures. . 5% paid on stock withdrawn banks to extend broader rediscount co- | 16 Baldwin Locopf.... & 512 14 = 3 Hershey Choc (6 Richfield Ofl. ....... 2 Warren Found & P.. “ 68th Series of stock now open operation to member banks as a result| s 1014 Baltimore & Ohio : 4 3 70 Hershey Choc pf t Rio Grande Ofl. .. 2 2 515 9% Wesson OfI&Sn (1) : h for subscrinti " of the Glass-Steagall bill, were clear:y % Balto & Ohio pf 1 5 Hollander Sons. Toyal Duteh of NY - 5 West Pa El pf (6) 408 o suSacrintinn - I B James E. Connelly, James F. Shea, - : t Pa Pwrpf (6). 103 President Secretary tores (5). 5 s t Pa Pwr of (7). 30s having the desired effects. 9 Bang & Aroos pf (7). 5 a B Homestake M 13.30. . rker Bros........ s 1% 1t 215 Houdalille Hershey. . Strs pf (6). 2 3 | 21 Western Dairy (B).. 3 2 :::(;F::d """‘;“ ";‘;:'“‘0 the| 30 20" Barker Bros pf (834) 20 2 Household Fin pf 4.2¢ — e cts were two-fold. On the 3 Barnsdali Corp. : Houston Ofl. trspt (7). 3 S 314 Western Marvland.. 7 one hand, by assuring banks of facili-| 13 9 Bayuk Cisars..,.... R -8 [ Houston Ofl (new) t Joseph Lead(60c). 3 Western Pacific pf .. 2% Those Loafing Dollars May ties for supplementary credit if needed, Bayuk Cig 1st pf(T). Howe Sound (1). t L-San Francisco.. 9 s Western Unfon (4) . - they lightened the pressure on them Bextrice Cream.(4).. 6 2 . ) 3 Hudson & Man 9l 19% 18 L-San Fran pf. Wi 2 ) 310 Be Made to Work Produc- on then r t L-Sa; I3 esting’se AIr B(1). 3 of ‘maintaining an abnormally liquid 8 Bendix Ava (60c). B n — % . 9 4 1+ Schulte Retall Stores ‘ ‘s Westinghouse (1)... 165 23 1n High Retu € pc‘:;lt!lou by thicurtmlx;‘xcm olf l:m;ls to Rest & Co (2) < Hupp 2 2% 2 36 Scott Paper (31.40). 3 3 Westinghse 1st (334) 5 x e m Com- customers or by sacrifice sales of se- Bethlehem Steel. 16% “T8% 9% Illinols Central. ... Seaboard Air Line. .. g Weston Elec Instru. 2. Sl sk 5 mensurate 1 curities—and this latter was a ma- 397 Bethlehem Stl f 2 40% 40% % Toilin ister Ovéle s e Seaboard Afr Line pf 9 Weston Elec (A) (2) 7 with Safety terial factor in the stebility noted in| & Blaw Knox (50¢ 6lx 61 &l 1a Todieh ReAGINE. eaboard Ol . 9 Westvaco Chlor 1.60. 3 BUY the bond market. On the other hand, | 22 Bohn Alumn & Br: 2 11 11 3 fRdukt Rayonch . ears Roebuc 2 s White Motor. ... I 4 the depositing public was assured that | 5 Bon Ami (A) (15). 46 46 3 g IR F s (3). - <ol 5 ervel Inc. . .. A White Rock (4) .. .. 9 9 OUR FIRST MORTGAGE effective means had been found for | 43% 34% Borden Co(3).. 36 35 Tnlatd Steel (Y oos ; ; 5 34 Sharon Steel Hoop. . White Sewing Mach. NOTES protecting the banks against the here- 6% Borg Warner (1) 2 Inspiration Copper. . 5 5 p harp & Dohme. 2 5 Wilcox Oil & Gas. 2 tofore uncontrollable influences that Rriggs Mfg (1)... 5 Inashe(Del)ass hattuck (F G) (1). 3 N~ : “ Willys-Overland. Setacidd were in some cases paralyzing their Briezs&Stration(1). s . 3 b 3 2% Shell Union Oil. 4 2 % Wilson & Co. . Secured on new brick homes ability to function normally, and the 3 Bklyn-Man Tran (4) 3 §1s tontertoro = ; : e 3 Shell Union Oil pf. .. ’ 3 Wilson & Co pf. .. 5 in preferred northwest resi- resulting subsidence in public fear was Bklyn-Man Tr pf (6) 2 4 Intercontl Ribber 3 {6 o 14 Shubert Theaters. .. 36% Woolworth (2.40) 5 3 3 3, 5 . 10% Worthington Putdp. dential sections. Every mort- manifested by a sharp drop in with- 7 lfon&Que-ns ..... » Interiake Iton. ..... 27, 27 67 mons Co. drawals of deposits and bank runs. 2 *",::","";'.Q',‘“'{: ”,‘,‘rs,) 1 Int Bus Machine(n6) 90ty § f mms Petroleum. 5 3913 Wrigley (Wm) (4).. 6 91 gage protected by fire insur- Concrete evidence of the various bet- S B .\n_‘:n on&-?( L1l 5 5ls 3 IntCarriers(a??ie) 3 2 keliy Ofl.. e E 4 3 e : " Gnce anid fitle: ouaraniend. b terments in the banking situation were Bruns Term & Rwys. 1 3 D 9 8 . Socony-Vacuum (1). 83 8 G T T ; 3 L ¢ guaranteed by seen in the great reduction in bank|® 5 B Bueyrus-tme. oo e : v Int Combustion. .. .. : 3 Solv Am pf ww (512) s S ey G N YA responsible title compantes. suspensions and in the return of pub- £ 5 Buc_\ruw r|e’$\ pt.. 2 5 5 2 Int Harvester (1.80). 3 § outh Port Rico Sug. 29 a1 oung Sprinz&W (1) 1 lic confidence by subsidence in hoard- | Buddien (::{”5},, Int Harvester pf (7). outhn Cal EA (2)... 18 26 2 2513 Tia . % Zenith Radio Ay 5 Conservative Appraisals Insur- ing, the joprnal adds. | ‘ : & Bbdeaing 2 - 5 Int Hydro El A (e2 outhern Pacific. ... 5 J 97 6% Zonite Prod Corp (1) 2 " 2 ing Absolute Safety Budd Wheel. .... . i . 3 g . 1 5% S rn Rail w1 e 6 Corcoran Insurance Officers. | Bullard Co. . ) L s 2 e Rty ot ; Sales of Stocks on New York Exchange. !Rao—dzcli‘nn nrx;n uifi(‘erys :;m 3‘"‘&:’:? 3 7 E:r:-‘n_\;sg:lz:f“m 5 Trt Nickel of Can.- 4 55 Spald(AG)1stpf(7). < lm}ggg 2 ;‘: i;’f:_n :gggngg IN DENOMINATIONS OF of reoran e Insurance Co. Wi sh T 2%). i 7 = Int Nick Can pf (7).. N, 83 3 \ » » il S £ R e ey .0 announced yesterday, following the an- | Bush ’L&eu:m m:r; (1) 51t el il : . 4 91, Spencer Kellog( : 9 9 g Dividend rates as given in the above table are the annual eash $25° nual meeting. They are: Frank McClel- Bulte & Superior. . 3 £1t Paper B bwr (A) 5 Spicer Mfg. = 6 6 6 6 payments based on the lates® «uarterly or half-yearly declarations § 8 8 P 2 3 “Ex-dividend s Unit of trading less than 100 shares. t Partly | and upwards land, president; Robert D. Weaver,| 19 Brers (AM)..... E 9% % paper & Pwr pf. 5 21, Spiegel-May : 2 P Int Paper & Pwr pf.. 10% Stand Brands (1.20) . _ extra. tPlns 4% in stock e Pal this year—no regular ratea | _— S vice president; F. H. Ridgeway, secre- 4 14 Callahan Zinc & Ld. . 2 3 Int Printing Ink. . 5 - - ) tary; J. Clarence Welch, assistant sec-| * 4 2 Calumet & Hecla. 5 2 wl s « Int Printg Ink pf (6) 3 >| 1191 114% Stand Brands pf (7). D S Loy N uah. W I BOSS & H LP retary; Albert T. Couml - 7w 5% Campbell-Wyant Fy. 5 Int Salt (2)... s 0 15 341, 174 Stand Gas&El (3%). 5 m Paid last vear—no regular rate. n Plus 6% 1:-' :&m “;n“ Clark, B. Lowndes Jackson, Charles E.| 131, 8 CanadaDry(120)... 10 6 % ) Int Shoe (3). 3 41°¢ 20'; Stand Gas&El pf (4). 16 2 g 2 2% in stock. 5 . = , Marsh, Willilam L. Miller, Walter S.| 203, 10% Canadian Pacific1%. 50 13 T 13 Int Silver.:...... 5 19 9+ 7K S Rl Wil e Pratt, jr. F. H Ridgevay, Robert D.| 20 17 Cannon Mills (L60). 2 Int Tele § T S —= T e aeCieons, dvecirs. | 4w 4 casard 1 0.0 1m0t | erriate Dentsiss. 3 3 " NEW YORK BANK STOCKS The COMMER CIA L | 00000 Radio Corp. « Radio Corp pf A BT R REARERANRE xRN PO O PP New York City bank stock market | 49 Case (J D) pf (T).. 708 4 2 Investors Equity. & " again reacted in sympathy with the 7 Caterpillar Trac (1). 18 101, Island Cr'k Coal (3). socurities markets in general last week 5 Celotex pf. .. s 3% 3 et SR = NATIONAL BANK Organized 1879 52nd YEAR COMPLETED The aggregate market value of the 16 r ; % Johns-Manville NEW YORK, April 6 (#).—Over-the- . lesdng e s £ 5500wt o e : e 4 s Cen o e | couter manil bulger e o Equitable Co-Operative Bldg. Ass’n April 2, against $1.661,033,000 on March Cerro de : b 1 26, a decline of 5 per cent for the week. | Checker Cab Mfgr... 3 ; 2% 1 ly-Spring Tire... 5 ! BANKS LY Banking in All of Its Phases e e { Ches & Ohfo (214)... 6 5 10% 6% Kelvinator Corp..... 15 6 g : . L B A% President A 3 1 Capital Traction Active Today. Chesapeake Corp(d). 3 ;| 38 « Kendall Co pf (6)... 2 G clal’ (8) % P . WALTER §. PRATT, Jr., Secretary Capital Traction stock figured in 12 | reat Western *| 33 "6 Kennecott Copper. .. 5 Eirst Natl (100) ... 1560 transactions on the Washington Stock 3 7 ; 1314 = Vel fe b $6,124,601.00 Exchange today, involving a turnover A < 3 x Pac. 19 3 > 3 ) ¢ @ 23 .0 6 (7 Subscriptions for the 102nd Issue of Stock Being Received of 148 shares. The stock opened at 4 Chi Mil StP & Pacpf. 1 | 110 i Kresge (SS o3 T oM AT > 281, also sold at 18'z, 18% and closed % 5% Chi & Northwestern. 5 31 87 30 Kress (S ¢ 3 ket . S e AND SAFETY st 18 flat 3 *hi Pneu Tool...... 9 Kre: S ¢ Bkiyn Trust (16 : 195 Potomac Electric 512 per “hi Rock I & Pacific. 5. 5 5 187 W Kroger Grocery (1). 3% 9 Hanove © 126 ferred came out at 105 and E “hi R 1 & Pac 6% pf. Te T e T P T T A e i Siosessinotye BMl. 33 Inv ] B ©f Mergenthaler Linotype sold at 391, . SLRFEPACTL O, « 2 10 10% o Lee Rutber & Tibe.. 2 % s sas nvest in It's not what you The most important bond trading 9% Chrysler Corp (1)... 103 3 9 : e Gt .| Empe el N ruel o seve ) anty 20) 2 ) 1 hat you was in Washington Railway & Electric| 2¢ ity Ice&Fuel (3.60) 3 2 3214 Leh Port Cmt pt (1 Ty s e Zh p 20 three S1.008 reles heing. made at| @ iy Teektuel pf o34 1 A Lehten Vaiioy Contr. '8 %1 hctiers e 1 B First Mortgage Notes A save that counts. The LS 1% 2 Sty Stores 5 ‘ & B N Y Trust (5) - . 2 £ . BlE A P [ 3 Btores. L : » Lehigh Valley R R.. & % B T D) et (A0 Seciired on ‘quitable has a plan Heard in Financial District. l - hr:mmn Corp ( * 3 “Including extra. E of systematic savings Richard Whitney, president of the b -Pal-P 2 2 2 el & Mauk (A0 E s s e SAUEE New York Stock Exchange, will be an | ] ibbey Owena Glass. 6 Individual Homes that has helped thou- ~ early witness when the Senate Finance | “ollin : 3 4 Lige & Mysrai (18) | sands to financial in- - £ Lily Tulip Cup (1) P Committee takes up the proposed taxi 101, § C. Jeacon. ..., fhlty T ol s 1 OANS An investment medium that dependence. Are you er o one-fourth of 1 per cent on stock | 12w 31 Colo Fuel & fron. 6 1 A el e it e has passed every test. Pro- using jt? Shave transfers. Mr. Whitney is strongly op- g lumbia G&F 6 7 M o o or Buying, Building or Refi- by fire ins c | Smg > Loew's Ine (t4)..... nancing Completed Properties. tected by fire insurance and posed to the tax. | Jlumbian Carb (3 20 29% 2 . i 7 3 4 355 e = The Great Atlantic & Pacific Tea Co & Coml Credit (1)..... fosw e e (0%, {] Prompt Attention—Reasonable Rate :Hle,(.fi?(};rl;”::ficd éln:‘;np::?\f‘c“"y 915 F St earned $13.40 & share on the common 91 Coml Credit A (3).,.. k pltiners Bt Real Eitete Motizags sadd esp ¥. | . stock for the vear ended February 6 56 Comel Cred 151(633) . a 2 ose-Wiles (13). $ 3 81 Guaranty Corp. Denominations of i compared with $13.86 a thare in 1 31y Comel Cred pf B (2) . 3 16 Lorillard (P) (1.20). 3 D 13 % A e 1] 1610 ® st. Nat. 1403 L 0 0O Officials consider this a remarkable Comel Inv Tri : 31 734 Lorillard (P) p s A L8 showing considering business conditions “omm Solv (60c). ... 3 m| Louistana Ofl ',“,1,“ 2 : 3 s]_ 00 AND MORE during 1931 : 3 Comwlth & Sou(30c) 3 P . Lou Gas&El A (1%). Peoples Drug Stores preferred sold in | 68'; 52 ComwlIth&Sou pf (§) : T ATTRIRE m : Il lot on the New York Stock Ex- Congolm Nairn (1).. % 8 = MeAnd & For (1.40). § F M ) S RESTE T 6 g terday at 901, The market | Consol Cgr pr pf 614 + McCall Corp (23%). .. w169 ¥ u'8t ortgages EIRST MORTGAGES closed with 89 bid and 94 asked | 72 Consol € pf (7). 2 15 Meiceesport TP (4), 4 HANNON & LUCHS Bool ve been closed on the offer- Consol Film pf (2 6 : J FRGUMCICERNOt & Roubing 3% 3 f Sal | 000.000 412 per cent collateral 53! Consol Gas N ¥ (4).. 349 5 52 :“";'T}"’“\_&; Rob's pt - or (- - 3ebentiires of the Peders 7 ! 9 Consol Gas NY pf(5 3 6 2'4 McLellan Stores. ... 2 2 = K v V. Gebentures of the Federal Intermediate Con Y pf(5) MeLellan St pf A(6). 1108 Pl 1435 K St. N.W. NA. 2345. Credit Bank which e offered Mon- Consol Laundries(1) : 5 S € ported Marc ales 9 3 (8). A i i 7 > - P or gt s I 991 and . T4Co »2 Cuba (2) . o T 3 Madison Sq Garden.. 4 E [ 0 Eir e S T e B MG WRCCGEITI, S AR R O B S . parssmdiadicl” o ' ) JAMES . SHEL § R0/ Of o BOND ARD INVESTMENTS e Cont Diamond Fiire, e b, Matnieson Al 53 3 13 19 643 Indiana Ave. N-W. 2/0 SAFETY FUNDS ARE NOW MOVING | = Cont Insur (2.40).... 1 3% May Dept Stores 1.80 : Because of the definiteness of Contl MOtOrs. . .vvnne 8 z Mas 0. 2 — s ) ; TO BIG MONEY CENTERS| Conuioit (Deiy -1l 24 6 & i BC o 2 5 FOR APRIL 1sT FUNDS the interest, and the dependable se b % Contl Shater i . 5 6 : WE PAY 5% INTERESTI . et i iy I : e new 8% Eigl I curity, our R : : 3 ] i Mesta Machine (3) .. By the.Assoclated Press. 25 Coty Inc 5 Met-Gold Pic pf 1.89. . ) e atn® Do 7 d s 2 2 . of Associated Gas and Electric Corn Products Recent statements of Federal Reserve 10% Crex C: N :::;nai C:),xvper. o - s member b indi a flow of funds 9 “rosley i E E § - “ontinent Pe! a i/ By | Corporation (a subsidiary of the oo Rsecwr haks o inwicutos 0 | 454 136 Cruslilegien : 5] ] T 3 THE MAN WHO Aeehoiated Gas and Blectric I ocera Thva 6%% FIRST MORTGAGES | 7 the large money center country 5 e Steel pf (7). 25 25 -2 7 ° Minneap Honey R(3) g The latest statemen e board, CUBACO. e reeenenas 3 (. b MAEADS o, o0 3% 3 Has Money Company) offer an opportunity covering the week ended March 30 ) Cuban-Am L 9 Mo Kan & Texaspf.. 2 9 E MAKES MONEY | Pk s 0 showed that during the week a total of 6 Cuban-Am Sugarpf. 100s 6 ; 1 Missourd Pacific. .... & 4 ¢ 34 B MONEY to put dividend, interest or other f e 3 3 2 Missouri Pactfic pf. . When unexpected business first-of-the-month income to 25,000,000 was added to the “due to| 51 30 Cudahy Packing (4). banks” account in the cities of New | 3 181 Curtis Publishing(2) Mohaw Carpet..... 2 4 opportunities arise, ready work at once. NYork and Chicago alone, compared with 6 Curtis Publish pf(7). 3 2 8 % Monsarito Ch % . 2 2 cash if- PR 258 8 net gain of but $24.000,000 in this Curtiss Wright. .. Montgomery Ward.. 8 'r::,,,::.rm;.efla,l:.’,: "‘:c'hr I"“.“l Tesest on this invest- Loss dtem in all member instiutions > ans pL (8) ... 108 7 Mother Lode. ....... 1 fail s ment is 814% (participating con- This increase, $17.000,000 for ! mmer I Mator Meter G & El.., 1 s L L ditionall: 109 by Bonds | Without a ~ork City and $8,000,000 for Chicago, ! e < - Motor Products (2)... i 15 of your income regularly l’ tl,tl) y ,cg. aby Bo | which Is reflected in greater deposits, | 1 : s 5 ¢ Motor Wheel. 3% 3 as a cash reserve. are available in denominations 2V ased 3 + nvestments and balances with Federal g:f.:;:::?;:.:;’h;: 3 Mullins M. ; s = ~ of $10 and multiples. ‘\.Iu_\ be purchased in amounts Reserve Banks, is held to portray re-| 'y” '3 penver& RG W pf.. . A 22 Open Daily 9 1o 5 ; from $250 up. Tittances of funds loaned by the Re- . T oA b Motors (2 32 ; y s e S Circular D-58 gives complete details. p. construction Finance Corporation to 2t 3 1 e ;8 Air Tranapor 308 3 turdays Until Noon A small exterior banks. Tts to the 1, 3 t 2. 7 3 b/ HH H g Diamond Match (1). 3 131 at Blscult (280)... 87 32 General Utility Securities 1 cities, incidentally, is evidence 21% Diamond Mtch pf1% 2 + 2% 23 lc Nat Cash Reg (A)... & INCORPORATED | I New York City | | | s % % ©of business stagnation through the ru- vl ity 9" 8% 8 3 Nat Dairy (2.60).... 121 24 35 28% —1 7al communities, Treasury officials say. 13 Dominion Storest1% 15% 15% 15 3t Nat DeptStralstpf. 108 2% 2 24 = % Plecse send me Circular D-58 ! 25 : National 2100 925 15th St. N.'W, | Nat Dist Prod (2)... 2 184 181 | are regarded by both large and small investors as one of the best types of investment. Century g | 7% Douglas Afreraft (1) 8 8 : Nat Lead (6 ol SILVER QUOTATIONS. 3 174 Dresser Mg A (3%) 1818 . 434 5 3% at Lead pt A (7)... 120s 13 113 -1 A el il Nat Lead pf B (6)... 508 96 NEW YORK, April 6 (#)—Noon— 42' Dupont de Nem (4).. 301 42% 41 u e - L R % Nat Pwr & Lt (1).... 110 ¥ ms “1x| [ BUILDING ASSOCIATION| Silver futures barely steady; sales,| 105 98 DupontdeN pf (6).. Natl Steel (1) e | 17 18 . ® 89 Dugues Ltistpf (5). 508 9215 921 924 BT5, ounces. May, 2895 T;. July, e e e at Supply Co. . 2 6% 6 6% — 29.25 A September, 29.80 bid: Oguwober, 67 Ba Wodak (5. 63 68% 654 654 —2% D Natl Surety. 510 10t 0" N8Se ww[m’ ... N. #0.00 7 December, 30.40 bid. 44 EatonAxie& Spré0c. 2 4% 43 %+ h atl Tea (60 3 6 b 6